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Dec 2, 2012
12/12
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so, streamline the tax code, remove the entire income tax philosophy, fair tax or flat tax, can't do that now. but look at spending and spending cuts across the board and different programs where we can really cut some money, rather than talk about it, let's do something and do it next week and move it down to the senate and the let them look at it it. >> dave: so there's substance and also, style, congressman. how do you feel about the fact that the president, instead of sitting down with your leader john boehner is out there in what appears to be a campaign style, giving speeches instead of negotiating? >> well, it's disturbing in some respect. he is the leader of the country. and rather than be in washington d.c. in a room working with everybody involved that can make these decisions and push legislation, republicans, democrats, senators, members of house and talking through the knitty gritty, he proposes town and campaigns about it and it's difficult to communicate and talk about things if the president is not in washington to talk. >> dave: especially with roughly two weeks to g
so, streamline the tax code, remove the entire income tax philosophy, fair tax or flat tax, can't do that now. but look at spending and spending cuts across the board and different programs where we can really cut some money, rather than talk about it, let's do something and do it next week and move it down to the senate and the let them look at it it. >> dave: so there's substance and also, style, congressman. how do you feel about the fact that the president, instead of sitting down...
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Dec 5, 2012
12/12
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KRCB
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taxes will go up. democrats proposes a bill that cuts taxes on the middle class. the republicans don't dare vote it down. we'll have gotten the higher taxes on the wealthy through this back door route. tim geithner is right. you cannot have a seer imrus plan unless those tax rat on the wealthy go up. >> ifill: the president is... hassles proposedded something that john boehner calls silliness or secretary geithner actually did which is taking thed why of the debt ceiling off of congress' plate. something which members of congress seem to think at least is a no starter. what is the value in putting that out there? >> well again it needs to be said. this is crazy. the way that the debt ceiling works is that congress can actually vote to not tax enough to pay for the spending it proposes and then it can refuse to allow the government to borrow the money to make up the difference between its own spending bills and its own tax bills. this is crazy. this is a license for continual irresponsibility. and of course we're heading for... the republicans are attempting to do
taxes will go up. democrats proposes a bill that cuts taxes on the middle class. the republicans don't dare vote it down. we'll have gotten the higher taxes on the wealthy through this back door route. tim geithner is right. you cannot have a seer imrus plan unless those tax rat on the wealthy go up. >> ifill: the president is... hassles proposedded something that john boehner calls silliness or secretary geithner actually did which is taking thed why of the debt ceiling off of congress'...
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Dec 6, 2012
12/12
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MSNBC
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tax cut extension on the 98%. is there enough there that you think, before december 31st we get there? i know with the caveat we're all trying to read the tea leaves, from your experience what does it tell us. >> i think the political will is there. you see somebody like coburn, who has been working for over a year with people like heath shuler, democrat from north carolina and mike simpson, you know, put together a letter -- >> of idaho. >> right. not a moderate. we sat in meetings and there was acknowledgement by both sides and that's why you had a letter of 40 republicans and 16 democrats that had revenue and entitlement reform in the letter six months ago. i think it's there. >> dave, let me ask you, quickly, let's say there's a deal. is it possible for a political win to come out of a deal for republicans? >> listen if we get to the successful conclusion that's moving things forward the country wants this resolved, right? being able to get to that resolution as a reflection then that you successfully governed
tax cut extension on the 98%. is there enough there that you think, before december 31st we get there? i know with the caveat we're all trying to read the tea leaves, from your experience what does it tell us. >> i think the political will is there. you see somebody like coburn, who has been working for over a year with people like heath shuler, democrat from north carolina and mike simpson, you know, put together a letter -- >> of idaho. >> right. not a moderate. we sat in...
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Dec 4, 2012
12/12
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let's make the income tax, the corporate tax, the capital gains tax, the gift tax, the estate tax, let's just make them all 15% across the board. i'll never have a problem with estate tax. but it is outrageous to make people sell their family farm or sell a business or get in hoc up to their ears for something their parents have worked a lifetime to build up. and people like warren buffett, the ultrarich, they're not going to have to worry about the estate tax because they're able to pay megabucks for lawyers and brilliant financial analysts to come up with a way, usually involving life insurance and different things, they'll take care of their estate tax. so it's not the megarich. and the same way, when people say, we're going after the rich fat cats, england did that in 2009. an article last week pointed out, 2009, england increased to 50%, in addition to all the other taxes they have, 50% the tax against people making $1 -- a million pounds or more and that next year england went from having 16,000 people who were making a million pounds or more a year to 6,000. they dropped from 16,0
let's make the income tax, the corporate tax, the capital gains tax, the gift tax, the estate tax, let's just make them all 15% across the board. i'll never have a problem with estate tax. but it is outrageous to make people sell their family farm or sell a business or get in hoc up to their ears for something their parents have worked a lifetime to build up. and people like warren buffett, the ultrarich, they're not going to have to worry about the estate tax because they're able to pay...
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Nov 29, 2012
11/12
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KICU
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including middle class tax cuts and his ambassador to the united nations. she is thought to be on the short list to succeed hillary clinton as secretary of state. >> couldn't be prouder of the job that she's done. [ applause ] rice failed to win the support of two more republican senators today. many republicans have criticized her for her initial account of the benghazi consulate attack, which did not label it as a terrorist attack. >>> to be a fly on the wall at the white house tomorrow. president obama will be having mitt romney over for lunch. during his victory speech, the president said he would reach out to romney and consider some of his ideas talked about during the campaign. no media coverage is expected. >>> the president of mexico has a new job lined up after his john ends in february. he will become a fellow at the. >>> a big jackpot on the line. what we are just hearing from powerball officials about where winning tickets were sold. plus the demand in one city that's driving parking prices close to $100,000. >>> back here in just about ten min
including middle class tax cuts and his ambassador to the united nations. she is thought to be on the short list to succeed hillary clinton as secretary of state. >> couldn't be prouder of the job that she's done. [ applause ] rice failed to win the support of two more republican senators today. many republicans have criticized her for her initial account of the benghazi consulate attack, which did not label it as a terrorist attack. >>> to be a fly on the wall at the white house...
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Dec 5, 2012
12/12
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we should do real tax reform. if there are loopholes, there is a loophole for being able to write off your yacht as a second home. let's go after that. we need more revenue and the way you do that is through rapid economic growth. it's the only way to generate the kind of revenue you need and hold it. >> what's the only way you would raise tax rates on the top 2%? >> the number one issue is to grow the economy and creating jobs. i believe that proposal will hurt job creation. the tru millionaires, they have the best accountants and lawyers in america. do whatever you want, they are go to go maximize it. the people who get crushed, the small s corporation who can't afford to do this in the tax code and ends up getting creamed. they have to get the money from somewhere. though can lay off workers, and none of those things are good for our economy. it's about growth. this stuff hurts growth. the president has a tax increase that will help grow the economy. i'm interested to hear about it. >> you would vote against th
we should do real tax reform. if there are loopholes, there is a loophole for being able to write off your yacht as a second home. let's go after that. we need more revenue and the way you do that is through rapid economic growth. it's the only way to generate the kind of revenue you need and hold it. >> what's the only way you would raise tax rates on the top 2%? >> the number one issue is to grow the economy and creating jobs. i believe that proposal will hurt job creation. the...
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Nov 29, 2012
11/12
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KTVU
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including middle class tax cuts and his ambassador to the united nations. she is thought to be on the short list to succeed hillary clinton as secretary of state. >> couldn't be prouder of the job that she's done. [ applause ] rice failed to win the support of two more republican senators today. many republicans have criticized her for her initial account of the benghazi consulate attack, which did not label it as a terrorist attack. >>> to be a fly on the wall at the white house tomorrow. president obama will be having mitt romney over for lunch. during his victory speech, the president said he would reach out to romney and consider some of his ideas talked about during the campaign. no media coverage is expected. >>> the president of mexico has a new job lined up after his john ends in february. he will become a fellow at the. >>> a big jackpot on the line. what we are just hearing from powerball officials about where winning tickets were sold. plus the demand in one city that's driving parking prices close to $100,000. >>> back here in just about ten min
including middle class tax cuts and his ambassador to the united nations. she is thought to be on the short list to succeed hillary clinton as secretary of state. >> couldn't be prouder of the job that she's done. [ applause ] rice failed to win the support of two more republican senators today. many republicans have criticized her for her initial account of the benghazi consulate attack, which did not label it as a terrorist attack. >>> to be a fly on the wall at the white house...
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Dec 1, 2012
12/12
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MSNBCW
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remember we're talking about 2013 taxes, not 2012 taxes. but if americans are taking out loans based on what their tax return is going to be in april maybe we should be talking about financial literacy and not about how budgeting works. >> we can but i'm just trying to tell you realistically that's how people are living their lives in the united states of america in the 21st century. so we need to be real about how people are living their lives. >> you know what, one thing i do want to talk about, i'll begin with you tony on this. i'm sure you saw that photo making the rounds this week of house committee chairmen? what is that all about. they're all white males. speaker boehner now said he was indeed appointing a female chair congresswoman, candice miller. this committee is in charge of things like the house cafeteria, expense accounts, benefits packages. sounds like a token appointment to a somewhat low-level position. >> look. speaking as a white male republican, wasn't really happy to see that. i want to see more women and more represent
remember we're talking about 2013 taxes, not 2012 taxes. but if americans are taking out loans based on what their tax return is going to be in april maybe we should be talking about financial literacy and not about how budgeting works. >> we can but i'm just trying to tell you realistically that's how people are living their lives in the united states of america in the 21st century. so we need to be real about how people are living their lives. >> you know what, one thing i do want...
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Dec 4, 2012
12/12
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tax. >> anyone want to weigh in on these? david, i see you smiling down there. >> i was waiting for judd to jump in. he is the one that convinced me. >> ultimately, i think have gotten more than they can handle. the revenue targets the needs to reach, the spending targets they need to reach now knocked enormous, but if you look down the road, in particular at health care spending, given the discussion we had before, we can do everything we want to try to control health-care spending, but another way to help control health care spending is earmarked a value-added tax toward revenue which would have an immediate link between how much was spent, how much people have to pay in taxes, it would eliminate their repressivity of that, and it would inoculate the deficit from uncertainty about health-care reform. health care reform will take a long time. it is more complicated than tax reform. we have had one major tax reform in the last 50 years, thanks to senator packwood and others. we cannot wait
tax. >> anyone want to weigh in on these? david, i see you smiling down there. >> i was waiting for judd to jump in. he is the one that convinced me. >> ultimately, i think have gotten more than they can handle. the revenue targets the needs to reach, the spending targets they need to reach now knocked enormous, but if you look down the road, in particular at health care spending, given the discussion we had before, we can do everything we want to try to control health-care...
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Dec 6, 2012
12/12
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KTVU
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he said he could increase tax rates for upper income americans as part of a plan to cut the federal deficit. some are now looking for a way to save faces a they give in. >>> and they are planning for massive budget cuts as the fiscal cliff talks remain deadlocked. tens of thousands of jobs are on the line here in california. pam for months, pentagon leaders are insisting they are not preparing for major cuts but that's all changing under orders from the white house and they are starting to think about how they will face part of their budget. leon panetta said the cuts will be devastating to our national defense. experts predict, 1 in 5 in california will be lost. no now the arrow space reports -- now the arrow space reports 13 5,000 jobs will be lost along with 9,000 agency jobs for a total of 22 5,000 jobs lost in california over the next few years. the pentagon has said, the army would likely face the steepest cuts. reporting live, allison burns, ktvu channel 2 morning news. >>> golden gate bridge officials acknowledge yesterday's head-on collision could have been prevented. the crash bac
he said he could increase tax rates for upper income americans as part of a plan to cut the federal deficit. some are now looking for a way to save faces a they give in. >>> and they are planning for massive budget cuts as the fiscal cliff talks remain deadlocked. tens of thousands of jobs are on the line here in california. pam for months, pentagon leaders are insisting they are not preparing for major cuts but that's all changing under orders from the white house and they are...
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Dec 5, 2012
12/12
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WJLA
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. >> president obama has made a r that there will be no deal tax hikeis no higher on the wealthiest 2% of americans. republicans are gathering to afters their next that the president shot down their proposal. our senior clinical reporter, scott thuman, has been following the story. our senior political reporter, scott thuman, has been following the story. he will have more at 6:00. doug hill has more on the weather. this may be a visit from old for a few days. let's get you started. 82 degrees right now. the d two degrees up road at the 52 degrees up the road at washington-lee high school. temperatures falling into the 50's.nd if h still hang onto 60 degrees in fredericksburg. temperatures running colder. 21 degrees colder in cumberland. these are the wind speed at the top of the hour. 10, 12, and 15 miles per hour. winds will diminish later . temperatures will drop .uickly into the 40's tomorrow we will be in the 30's.20's and how long will the cold air stay around? warmer temperatures are coming .ack will show you that in a couple of minutes. police are looking for the driver behind
. >> president obama has made a r that there will be no deal tax hikeis no higher on the wealthiest 2% of americans. republicans are gathering to afters their next that the president shot down their proposal. our senior clinical reporter, scott thuman, has been following the story. our senior political reporter, scott thuman, has been following the story. he will have more at 6:00. doug hill has more on the weather. this may be a visit from old for a few days. let's get you started. 82...
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Dec 3, 2012
12/12
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CURRENT
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$2,000 more in taxes. we will give a tax increase. we will raise taxes on 98% of americans unless you give us another tax break for our buddies and millionaires and billionaires, the top 2% in the country. you can't blame even mitch mcconnell any more. it's john boehner who is standing in the way. he did so again the republicans give this babble. the president says what's your plan? what do you want to cut? close loopholes. what loopholes? they won't say. to them, nothing. a detailed plan versus nothing. you've got a existed in in president obama versus a lose her in john boehner. and here is boehner again yesterday, on fox news sunday saying, when he looked at the president's proposal, oh my god. >> i was flabbergasted. >> flabbergasted. >> he can't be serious. i just have never seen anything like it. we've got seven weeks between election day and the end of the year three weeks have been wasted with the nonsense. who is flabbergasted anymore? have you ever heard that word? >> peter: an old word. >> 1920s
$2,000 more in taxes. we will give a tax increase. we will raise taxes on 98% of americans unless you give us another tax break for our buddies and millionaires and billionaires, the top 2% in the country. you can't blame even mitch mcconnell any more. it's john boehner who is standing in the way. he did so again the republicans give this babble. the president says what's your plan? what do you want to cut? close loopholes. what loopholes? they won't say. to them, nothing. a detailed plan...
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Nov 30, 2012
11/12
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CSPAN
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the president has been clear and we support him on holding firm to the 250 tax cuts, expiration of tax cuts for people making over $250,000 a year. that would be part of a big package that has big can cuts. we've already voted for over a trillion dollars in cuts. revenue is needed and job creation is essential to reduce the deficit. we believe if you want to reduce the deficit grow the economy. it's all together. that is attested by every bipartisan task force, commission, you name it that has come together. you can't get here from here in terms of deficit reduction and fiscal soundness without having revenues be on the table. i'd like to yield to the assistant leader for his comments. >> thank you. i think that this meeting was very very fruitful. it simply remind us once again of exactly why we are here. but i don't know -- but i would add to what the leader has said the time for posturing is over which we are in the holiday season when people will love to turn to their families with some certainty and i think we ought to give them that. and it's very easy to do. the president has la
the president has been clear and we support him on holding firm to the 250 tax cuts, expiration of tax cuts for people making over $250,000 a year. that would be part of a big package that has big can cuts. we've already voted for over a trillion dollars in cuts. revenue is needed and job creation is essential to reduce the deficit. we believe if you want to reduce the deficit grow the economy. it's all together. that is attested by every bipartisan task force, commission, you name it that has...
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Nov 29, 2012
11/12
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CURRENT
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tax cut by reenacting the current tax rates for 98% of americans. that kind of logic only makes sense in washington. in my view, we ought to come to some responsible bipartisan broad agreement now and save all of the chaos and save all of the press coverage of the next five weeks. but we may well not get there. it is better for us to go over the cliff than for the democrats to again agree to a deal in which entitlements get slashed and vital supports for low income seniors, for the disabled, for children who are vulnerable in medicaid get taken away. so that's the bigger dynamic. >> bill: amen to that. i'm going to ask you for 30 seconds, we're right up against the clock. you mentioned this word so i have to ask you. will we get filibuster reform? >> i'm optimistic. we've had some very serious conversations in caucus about it. leader reid has fundamentally changed his view from two years ago when we discussed it before. the proposals that the democrats have put on the table for rules reform are modest and responsible. it is essentially this. if you'
tax cut by reenacting the current tax rates for 98% of americans. that kind of logic only makes sense in washington. in my view, we ought to come to some responsible bipartisan broad agreement now and save all of the chaos and save all of the press coverage of the next five weeks. but we may well not get there. it is better for us to go over the cliff than for the democrats to again agree to a deal in which entitlements get slashed and vital supports for low income seniors, for the disabled,...
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Dec 5, 2012
12/12
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CURRENT
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he's going to lower the tax rates anyway. he never explained it, did he, michael? >> not once. there was zero specificity, as carney said, you would have to read the letter and see. >> cenk: just trust me, nonsense right? the $600 billion changes to medicare and medicaid, they're cutting mandatory programs, cutting discretionary spending, $300 billion and by the way $200 billion in cuts to social security but changing the consumer price index. as you look at this, it looks really unpopular. >> it is, too. boehner's in a tough spot right now, because you have defected, yes, held the house but their house caucus is fractured. you have people in the tea party wing saying under no circumstances are we going to vote for anything that increases taxes. >> the heritage foundation and conservatives fighting back to boehner saying it's not enough. we need much more. we need to you hack away at social security and medicare more, so now boehner is between a rock and a hard place thee theoretically. it's atrue we don't want to have too much sympathy for john boehner. >> let's cry. >> and yo
he's going to lower the tax rates anyway. he never explained it, did he, michael? >> not once. there was zero specificity, as carney said, you would have to read the letter and see. >> cenk: just trust me, nonsense right? the $600 billion changes to medicare and medicaid, they're cutting mandatory programs, cutting discretionary spending, $300 billion and by the way $200 billion in cuts to social security but changing the consumer price index. as you look at this, it looks really...
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Dec 7, 2012
12/12
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FOXNEWSW
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we're definitely raising taxes, payroll tax holiday is gone. we're raising taxes on everybody. do you want to do that at a time when the economy is fundamentally weak? raise taxes in a weak economy? not a good idea. this report in one hour is going to tell us an awful lot about the underlying state of our economy. >> brian: because of my unique position and what i made witness of hurricane sandy, i know you can not find an electrician. you can not find a plumber. you have to wait in line for a contractor. so anyone that says sandy wiped out jobs, you might have a point. they also gave a lot of jobs and a lot of the fema checks are up to $30,000. and they're building things and hiring people with that money. >> that is true. and next month when we get next -- december's unemployment report, you're going to see a blip up in number of jobs created because of what you're talking about. but in november, jobs were lost because of the hurricane, but not as many as to make up for a fundamentally underlying weak economy. >> brian: do you think that the number today will spur some real l
we're definitely raising taxes, payroll tax holiday is gone. we're raising taxes on everybody. do you want to do that at a time when the economy is fundamentally weak? raise taxes in a weak economy? not a good idea. this report in one hour is going to tell us an awful lot about the underlying state of our economy. >> brian: because of my unique position and what i made witness of hurricane sandy, i know you can not find an electrician. you can not find a plumber. you have to wait in line...
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Dec 4, 2012
12/12
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KRON
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but it has no tax increases. it raises revenue through closing tax loopholes and this deductions. raising 800 billion over 10 years. does have a what the president is proposing.hite house he immediately rejected the republicans' proposal. the president is saying that he will not accept a proposal without a tax increase for the wealthier americans. it is 27 days until the fiscal cliff. >> u.s. officials say that the white house and its allies are weighing military options to secure serious chemical and biological weapons. this comes after u.s. intelligence reports show that the syrian regimen may be ready and those weapons and may be desperate enough to use them. president barack obama told an audience at the national defense university monday that the use of chemical weapons is and would be totally unacceptable. >> the senate has approved president barack 0 obamas choice to be the top commander in afghanistan. lawmakers cleared the way for general joseph dunford, the assistance command of the marine corp's, to take over as head of the u.s. and coalition forces and afghanistan. ala
but it has no tax increases. it raises revenue through closing tax loopholes and this deductions. raising 800 billion over 10 years. does have a what the president is proposing.hite house he immediately rejected the republicans' proposal. the president is saying that he will not accept a proposal without a tax increase for the wealthier americans. it is 27 days until the fiscal cliff. >> u.s. officials say that the white house and its allies are weighing military options to secure serious...
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Dec 6, 2012
12/12
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KTVU
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republican said he is willing to break ranges with his party and -- ranks with his party and he could raise tax rates for upper income americans as part of a comprehensive plan to cut the federal deficit. they say they are looking for a way to save faces a they give in. >>> and they are looking for billions of dollars in cuts as they prepare to go over that fiscal cliff. hundreds of thousands of the jobs all over california could be affected, allison? >> 135 government workers in california could lose their jobs if there is no deal on those spending cuts that kick in at the end of the month. they say not only to plan for the cuts but that has changed. they are preparing to slice about 10% of their budget. experts are looking at 135 defense employees could lose their jobs but experts say there is still time to reach a deal and avoid those major lawsuits. >> nobody wants to reach a deal more than i. i will be ready to sit down with the president and solve this. >> reporter: they could be hit the hardest and i will have more about it during my next update on ktvu channel 2 morning news. >>> they a
republican said he is willing to break ranges with his party and -- ranks with his party and he could raise tax rates for upper income americans as part of a comprehensive plan to cut the federal deficit. they say they are looking for a way to save faces a they give in. >>> and they are looking for billions of dollars in cuts as they prepare to go over that fiscal cliff. hundreds of thousands of the jobs all over california could be affected, allison? >> 135 government workers in...
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Dec 4, 2012
12/12
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CNNW
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of tax avoidance. but there's no question in times of austerity -- tomorrow we'll find out what taxes in the uk are going to go up -- that this sort of finagling of the finances is most definitely not on. >> i suppose you could call it creative bean counters behind all of that. you could if you wanted to be silly. britain has a bit of a big tax gap problem overall, right? >> it does. and the chancellor of the -- the finance minister has now warned that he won't meet his deficit targets for austerity will have to continue. we expect higher taxes on the rich tomorrow, cuts in public spending, and in this environment the multinationals like google, amazon, starbucks, are very firmly in the firing line. after all what better than to attack big corporate america. and they're being told, smell the coffee. i can play that game, too, michael. >> wake up and smell the coffee. always good to see you, mr. quest. always making it simple for us. richard quest in london. probably didn't pay for that coffee. >>> over
of tax avoidance. but there's no question in times of austerity -- tomorrow we'll find out what taxes in the uk are going to go up -- that this sort of finagling of the finances is most definitely not on. >> i suppose you could call it creative bean counters behind all of that. you could if you wanted to be silly. britain has a bit of a big tax gap problem overall, right? >> it does. and the chancellor of the -- the finance minister has now warned that he won't meet his deficit...
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Dec 3, 2012
12/12
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MSNBCW
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just 28 days left and fiscal cliff talks are at a standstill over taxes and entitlements. >> they must have forgotten that republicans have continued to hold the majority in the house. but, you know, the president's idea of a negotiation is roll over and do what i ask. we need to find common ground and we need to find it quickly. >> could the only thing standing in the way of that would be a refusal by republicans to accept rates have to go up on the wealthiest americans and i don't really see them doing that. >> thank you very much. mr. president. >> meanwhile as nato prepares to deploy patriot missile defenses to turkey, hillary clinton warns syria against moving its chemical weapons. >> this is a red line for the united states. i'm not going to telegraph in any specifics what we are would do in the event of credible evidence that the assad regime has resorted to using chemical weapons against their own people, but suffice it to say, we are certainly planning to take action if that eventuality were to occur. >> and while washington buzzes over this video tribute to clinton, some are
just 28 days left and fiscal cliff talks are at a standstill over taxes and entitlements. >> they must have forgotten that republicans have continued to hold the majority in the house. but, you know, the president's idea of a negotiation is roll over and do what i ask. we need to find common ground and we need to find it quickly. >> could the only thing standing in the way of that would be a refusal by republicans to accept rates have to go up on the wealthiest americans and i don't...
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Dec 7, 2012
12/12
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he did talk about his desire to increase taxes which may go to melissa's point. but after an elect like this. there isn't that goodwill. there isn't that kind of national coming together that you might have seen for, say, bill clinton or ronald reagan and their reelection. people are pretty bummed out. alisyn: tell us what the larger issue is. does this mean people won't be spending as much on christmas gifts in how do it translate to what it means to the economy? >> it's always hard to reconcile how people feel and how they act. we know you may feel like you shouldn't spend a lot of money but when push comes to showf end up buying an extra gift. soy don't think it means christmas is doomed. but like you were saying before. people are not feeling hopeful about what's going on and they are not alone. when i talk to economists they are wondering, is this the new normal. you have roughly 150,000 people finding jobs. is its lauded as a good thing, in the past you would see 200,000 to 300,000 people every month finding a new job. at this rate it will take nine years t
he did talk about his desire to increase taxes which may go to melissa's point. but after an elect like this. there isn't that goodwill. there isn't that kind of national coming together that you might have seen for, say, bill clinton or ronald reagan and their reelection. people are pretty bummed out. alisyn: tell us what the larger issue is. does this mean people won't be spending as much on christmas gifts in how do it translate to what it means to the economy? >> it's always hard to...
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Nov 29, 2012
11/12
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host: when you say tax provisions, increased taxes? guest: yes. some of the tax increases on higher income people. there's a new tax on -- new tax limitations on people with high incomes that go into effect in 2013. sort of in anticipation of 2014. to bank some of the money, if you will, that will pay for some of the things like these subsidies people will be getting when they go to these exchanges that start in 2014. host: republicans in congress, are they still pushing for a repeal or altering the a.c.a.? >> repeal, not so much. i think we saw right after the election, saw a number of republicans who were acknowledging, yes, it was, if you will, a referendum on the a.c.a. it is here to stay. it is the law of the land. probably not so many out and out repeal votes. that doesn't mean there still won't be efforts to change it. as i mentioned i think you'll see some of those in these -- fiscal cliff talks that you might see. there's a lot of elements to this law that are controversial. >> today's "washington journal," available any time in our video
host: when you say tax provisions, increased taxes? guest: yes. some of the tax increases on higher income people. there's a new tax on -- new tax limitations on people with high incomes that go into effect in 2013. sort of in anticipation of 2014. to bank some of the money, if you will, that will pay for some of the things like these subsidies people will be getting when they go to these exchanges that start in 2014. host: republicans in congress, are they still pushing for a repeal or...
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Dec 7, 2012
12/12
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the deadline for the president and congress to find a way to avoid tax increases and spending cuts is 25 days away. president obama made a special point to sit with a middle class family in virginia this afternoon. he was trying to offer an example of who would be hurt by the republican tax proposal. >> for them to be burdened unnecessarily because democrats and republicans aren't coming together to solve this problem gives the sense of the costs involved in very personal terms. >> republicans are standing behind their counter-offer to chose tax loopholes and limit some deductions. they say the president needs to deliver a new plan that they can agree on and soon. it's also important to note that congress is scheduled to adjourn december 21st and the president is supposed to be headed to hawaii for vacation on december 17. >>> after doing some downsizing starbucks is back to brewing up some expansion plans and that includes another san francisco store. at market and sanchez. cbs 5 reporter mike sugerman tells us some small businesses in that area are trying to grind that plan to a hal
the deadline for the president and congress to find a way to avoid tax increases and spending cuts is 25 days away. president obama made a special point to sit with a middle class family in virginia this afternoon. he was trying to offer an example of who would be hurt by the republican tax proposal. >> for them to be burdened unnecessarily because democrats and republicans aren't coming together to solve this problem gives the sense of the costs involved in very personal terms. >>...
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Dec 5, 2012
12/12
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CNBC
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pxp is a deal maker but ready to trade because capital gains taxes are going up. could be a fiscal cliff. the gulf is hotter than it's ever been even a few years ago it was ice cold. >> big story in the journal about exploration in this country. production 15-year high. brand new chapter here. look at the bottom of your screen. citigroup is cutting 11,000 jobs. we want to get to kayla tausche with more on that. >> we have a release that just hit the wire in citigroup where those jobs are coming from and a charge that the company plans to take in the fourth quarter because of these job cuts even though it expects them to generate $900 million in cost savings next year. interestingly this is the first move toward really slimming down citi by the new ceo. he has a quote in here saying these actions are logical next steps in citi's transformation and says they're committed to strategy that continues to leverage in the global banking market. if you go through the list of where these jobs are actually coming from, institutional clients group which is investment banking
pxp is a deal maker but ready to trade because capital gains taxes are going up. could be a fiscal cliff. the gulf is hotter than it's ever been even a few years ago it was ice cold. >> big story in the journal about exploration in this country. production 15-year high. brand new chapter here. look at the bottom of your screen. citigroup is cutting 11,000 jobs. we want to get to kayla tausche with more on that. >> we have a release that just hit the wire in citigroup where those...
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Dec 4, 2012
12/12
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now they've morphed raising taxes to tax cuts for the rich. he's playing out of a 1995 playbook and, yes, they won the election using a class warfare argument and god bless them. they're not going to win reelection. because he's not running again. when's he going to realize that? >> just a matter of -- >> and by the way, jon, i'm sorry, he's not running for reelection again, the 225 or 35 republicans are running for reelection. and i would tell every one, if he doesn't come to you with a deal, do not vote to raise taxes a cent. don't do it. don't do it. you'll get beaten and washington will spend that money and they won't cut again and the deficit will be $18 trillion a couple of years from now. okay. now go ahead. >> why the conversation to some extent isn't about phrases like disciplined investment. mark's exactly right. it's all about, we're going to make the rich pay. and the fair share gets close to that. but it's always about what we're going to raise. the first part of the conversation is taxes going up. and i think people are willing t
now they've morphed raising taxes to tax cuts for the rich. he's playing out of a 1995 playbook and, yes, they won the election using a class warfare argument and god bless them. they're not going to win reelection. because he's not running again. when's he going to realize that? >> just a matter of -- >> and by the way, jon, i'm sorry, he's not running for reelection again, the 225 or 35 republicans are running for reelection. and i would tell every one, if he doesn't come to you...
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Dec 4, 2012
12/12
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tax hikes for the rich x. republicans want tax reform and eliminate deductions and closing the loop holes. the president said on twitter, there can't be tax cuts at the rich at the expense of domestic programs. >> the biggest problem with president obama is he is a small-pinded president in big times . he talk about 35-39 that doesn't get us out of debt. >> that is tough rhetoric for senator lindd say graham. the president will meet with governors and representatives of big business to discuss the plan and house speaker jone boehner will meet with the governors and plans to conduct rallies with small business owners and not sure when they will sit down and talk again. >> steve: thank you very much, kelley. we heard there are a number of democrats willing to jump off of the cliff schumer to name one. the white house is telling democrat reporters that the president is not eager to but he is willing to go off of the cliff if the republicans don't agree to raising income tax rates. >> gretchen: that is not surpris
tax hikes for the rich x. republicans want tax reform and eliminate deductions and closing the loop holes. the president said on twitter, there can't be tax cuts at the rich at the expense of domestic programs. >> the biggest problem with president obama is he is a small-pinded president in big times . he talk about 35-39 that doesn't get us out of debt. >> that is tough rhetoric for senator lindd say graham. the president will meet with governors and representatives of big business...
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Dec 1, 2012
12/12
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KTVU
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instead of raising tax rates we can produce similar amount of revenue, reforming the tax code to close loopholes and lower tax rates. >> the speaker said the two sides are at a stalemate. if nothing is done hundreds of billions of dollars of tax increases and spending cuts will happen january 1st. >> the oakland mayor has appointed her deputy mayor. he will start his new position on monday. he was co chair of her campaign. before getting elected to the assembly in 2006. >> berkeley police are asking for the public's help as they search for a man accused of touching a student. the student was walking between two campus buildings around 7:30 and when a man grabbed her. he is a latino, 5'5'' with dark shoulder length wavy hair. >>> a man was plead no contest in charges of assault. police say he and others beat a person last november. that's before another man shot foster to death. he has plead no contest to charges of kidnapping and assaulting a woman. the shooting was one of the reasons they cleared out the cam can many. >> more than 900 taken to hospitals for ambulance may be at risk of
instead of raising tax rates we can produce similar amount of revenue, reforming the tax code to close loopholes and lower tax rates. >> the speaker said the two sides are at a stalemate. if nothing is done hundreds of billions of dollars of tax increases and spending cuts will happen january 1st. >> the oakland mayor has appointed her deputy mayor. he will start his new position on monday. he was co chair of her campaign. before getting elected to the assembly in 2006. >>...
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Dec 6, 2012
12/12
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CNNW
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through the way that they would like to see taxes go up, even though they don't want to see taxes go up, through closing loopholes and eliminating deductions. john boehner acknowledges that revenue is going to be part of this deal, but they are standing firm on, they will not agree to at this point to raising tax rates on anyone. so either way, the major issue remains. the major issue, the major hurdle remains the tax rate issue. >> right, right. and meantime it's ticktock, right? and the house is out as of yesterday. members are headed to their home states for a nice long weekend with no deal in sight. the majority leader, eric cantor, says he's going to force congress to keep coming back and stay in session until a deal is done. seriously? >> he is serious. but, i mean, it was a pretty short workweek for the members of the house, that's for sure, as they left, not only left yesterday, they left at noon yesterday, after votes. the fact of the matter is that this has happened before. that they will be out on recess, they will be back in their home districts and the leadership will ca
through the way that they would like to see taxes go up, even though they don't want to see taxes go up, through closing loopholes and eliminating deductions. john boehner acknowledges that revenue is going to be part of this deal, but they are standing firm on, they will not agree to at this point to raising tax rates on anyone. so either way, the major issue remains. the major issue, the major hurdle remains the tax rate issue. >> right, right. and meantime it's ticktock, right? and the...
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Dec 6, 2012
12/12
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WBAL
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you've got the payroll tax you've got to bring back from 4.2 to 6.2. where the hell was the aarp when they cut the payroll tax? madness is half a word. these guys if you gave them 90% of them a profit loss statement in one hand and a balance statement in the other, they wouldn't know how to read it. same here. >> if anyone were to doubt your commitment to this issue, i have to show a clip we saw on the internet recently. this is -- >> i don't want to see it. >> yeah, this is you doing gangnam style. >> stop instagramming your breakfast and tweeting your problems and getting on youtube so you can see gangnam style. ♪ >> well -- >> care to explain? you're trying to reach young people, i guess this is as good way as any. >> i thought the guy said pretend you're riding a horse and -- let me tell you. you have to reach young people and you have to reach the people with the www.fixthedebt.org. the can kicks back. these are young people. let me tell you, the young people aren't organized. the senior citizens are so well organized, they've got the aarp, the
you've got the payroll tax you've got to bring back from 4.2 to 6.2. where the hell was the aarp when they cut the payroll tax? madness is half a word. these guys if you gave them 90% of them a profit loss statement in one hand and a balance statement in the other, they wouldn't know how to read it. same here. >> if anyone were to doubt your commitment to this issue, i have to show a clip we saw on the internet recently. this is -- >> i don't want to see it. >> yeah, this is...
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Dec 7, 2012
12/12
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the huge corporate tax. that is off the table now. they increase the capitol gains rate to ordinary income which i think most, many republicans and more than a few democrats have said is unacceptable and finally, they had problems i think with that question, the most politically brilliant treasury secretary and deputy we have ever seen in this country and tim baker and they had people on capitol hill on the other side who were dying to work together. we don't have any of that and we talk about tax reform is if it's a magic panacea. >> well i mean you solve a story today in "the new york times" about tax policy is certainly not a right of center institution and is left of his left of center orly center. if you cap it at $50,000.750 billion over 10 years, if you change cpi which i think mark has embraced -- >> including including charitable sin? >> you can include charitable than that but you can also look at the health care which by the way is the most passive that exist and i don't know why people in the income category that mark and
the huge corporate tax. that is off the table now. they increase the capitol gains rate to ordinary income which i think most, many republicans and more than a few democrats have said is unacceptable and finally, they had problems i think with that question, the most politically brilliant treasury secretary and deputy we have ever seen in this country and tim baker and they had people on capitol hill on the other side who were dying to work together. we don't have any of that and we talk about...
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Dec 4, 2012
12/12
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KRON
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but it has no tax increases. it raises revenue through closing tax loopholes and deductions. if the white house immediately rejected the republican proposal. the president saying he would not accept any proposal without a tax increase for wealthy americans. >> u.s. official said the white house and its allies are weighing military options to secure serious chemical and biological weapons. the cult-that this comes after u.s. intelligence reports show the syrian regime may be readying those weapons and may be desperate enough to use them. president barack obamas told an audience at the national the fifth anniversary monday the u.suse of chemical weapons is and what it be totally unacceptable. we will take a look at whether we are back following the latest from our around the world some of the video coming in a protest in egypt continued to roll into a nose runs around the world. several influential egyptian newspapers and suspended publication to protest what many journalists see as restrictions on freedom of expression in a draft constitution adopted by islamic led panel. toda
but it has no tax increases. it raises revenue through closing tax loopholes and deductions. if the white house immediately rejected the republican proposal. the president saying he would not accept any proposal without a tax increase for wealthy americans. >> u.s. official said the white house and its allies are weighing military options to secure serious chemical and biological weapons. the cult-that this comes after u.s. intelligence reports show the syrian regime may be readying those...
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Dec 6, 2012
12/12
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keep the employee payroll tax at 4.2% next year. to keep the economy growing -- there is good evidence of that in the last couple of months? job growth of about 511,000. to keep that momentum going, we should alwaprovide tax credits o small businesses. my legislation includes such an incentive for small businesses to grow. i am confident that congress will again be successful in reaching a compromise in the days ahead. i look forward to hearing today from the experts that we have before us today on how to reduce the deficit while protecting middle income families. as we enter the holiday season,
keep the employee payroll tax at 4.2% next year. to keep the economy growing -- there is good evidence of that in the last couple of months? job growth of about 511,000. to keep that momentum going, we should alwaprovide tax credits o small businesses. my legislation includes such an incentive for small businesses to grow. i am confident that congress will again be successful in reaching a compromise in the days ahead. i look forward to hearing today from the experts that we have before us...
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the white house demanding higher tax rates for the top two tax brackets, and the republicans refusing. after rejecting the obama administration proposal last week, house republicans offered an outline for $2.2 trillion in deficit reduction, mostly through spending cuts. and while president obama would not answer questions about the counterproposal -- >> no deal better than a bad deal, sir? >> reporter: -- a senior white house official assailed it as a step backward, saying if republicans do not agree to some higher rates for wealthier taxpayer, the nation will go over the cliff, and the american people will hold the republicans responsible. wall street remains optimistic a deal will be struck. so the lack of progress is not yet resulted in a market plunge. but some economists estimate that because of the uncertainty posed by the fiscal cliff, at least 200,000 fewer jobs have been created this year. the official deadline is december 31st at midnight when the ball drops in times square. the deadline is before that, a week from friday when the house of representatives is scheduled to go
the white house demanding higher tax rates for the top two tax brackets, and the republicans refusing. after rejecting the obama administration proposal last week, house republicans offered an outline for $2.2 trillion in deficit reduction, mostly through spending cuts. and while president obama would not answer questions about the counterproposal -- >> no deal better than a bad deal, sir? >> reporter: -- a senior white house official assailed it as a step backward, saying if...
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Nov 30, 2012
11/12
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>> coming needs to reach an agreement in the next few weeks in order to avoid a series of automatic tax hikes and spending cuts in january. >>> oh, to be a fly on the wall on this one. president obama and mitt romney met privately at the white house today to chew over the nation's economic issues. it was the first time they have been together face to face since their contentious campaigns. cbs reporter tara mergener on the political power lunch. >> reporter: mitt romney got out of an suv and walked into the white house alone. the former republican nominee then sat down with president obama for a private lunch. aides say the president wanted to hear the businessman's ideas on how to make government run smoother. >> somebody with governor romney's experience clearly would have insight into how to maximize efficiency in an operation like the federal government. >> reporter: the lunch is the first time they met since they battled it out on the campaign trail. >> the president doesn't have a plan. he is out of ideas. he is out of excuses. >> reporter: keeps changing up so much and backtracki
>> coming needs to reach an agreement in the next few weeks in order to avoid a series of automatic tax hikes and spending cuts in january. >>> oh, to be a fly on the wall on this one. president obama and mitt romney met privately at the white house today to chew over the nation's economic issues. it was the first time they have been together face to face since their contentious campaigns. cbs reporter tara mergener on the political power lunch. >> reporter: mitt romney got...
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Dec 1, 2012
12/12
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also bush era tax cuts set to x expire, so the majority of americans will pay more taxes. also at stake, the payroll tax holiday and unemployment benefits expect to get cut. dana, in your most recent column, you say it doesn't seem like anyone is doing anything but photo ops and news conferences. one politician was quoted as saying, effectively, we have a month. that's loads of time. is this a sophisticated game of chicken? >> it's a rather unsophisticated game of chicken, kind of elementary. what they're doing, both sides really, is doing a lot of posturing and waiting until they get close to the deadline if not go over the deadline because they feel if they go over the deadline, they're in a position to tell their hard core supporters, look, we have really got to make this deal now or that's the end. the economy goes back into recession. it's almost as if they can't strike a deal before you get to the very end, which is understandable. the problem is when you play this game, you can make a terrible mistake, and you know, they're gambling with the whole country here right
also bush era tax cuts set to x expire, so the majority of americans will pay more taxes. also at stake, the payroll tax holiday and unemployment benefits expect to get cut. dana, in your most recent column, you say it doesn't seem like anyone is doing anything but photo ops and news conferences. one politician was quoted as saying, effectively, we have a month. that's loads of time. is this a sophisticated game of chicken? >> it's a rather unsophisticated game of chicken, kind of...
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Nov 30, 2012
11/12
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threatening to withhold tax funds. he says he is willing to begin peace negotiations. >> egypt's parliament, dominated by conservative muslims approved a new constitution early this morning. the assembly's more moderate members are crying foul. it is sparking another day of protests against president mohamed morsi. morsi's supporters plan to stage a massive demonstration tomorrow. holly williams is in cairo and has been watching this whole crisis unfold. >> reporter: a week after president mohamed morsi gave himself broad new powers that some egyptians say make him a dictator in all but name his islamist allies have rushed to finish a final draft of the country's constitution. it could now be put to a referendum before the end of the year. protests and violent clashes in cities across egypt, president morsi defended his power grab last night on egyptian state tv. he said his new authority is needed to guide egypt through its democratic transition and that he will give up his expanded powers once the country has a new c
threatening to withhold tax funds. he says he is willing to begin peace negotiations. >> egypt's parliament, dominated by conservative muslims approved a new constitution early this morning. the assembly's more moderate members are crying foul. it is sparking another day of protests against president mohamed morsi. morsi's supporters plan to stage a massive demonstration tomorrow. holly williams is in cairo and has been watching this whole crisis unfold. >> reporter: a week after...
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Dec 7, 2012
12/12
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refugees surged into neighboring turkey, jordan, lebanon and iraq taxing the limits of those countries and creating a regional crisis. assad's escalation of violence has reached the point where fighter jets have been used to kill civilians according to human-rights watch. hard to comprehend that happening in any country but that is what has played out. this regime's shocking capacity for widespread terror will only grow as we see reports that chemical weapons have been prepared for use. international institutions will largely remain on the sidelines, held hostage by the reprehensible policies of the russian and chinese governments. maybe there is change. we will see what happens. the administration was right to initially work with the united nations but unfortunately due to chinese and russian in transitions these efforts have only served to prolong suffering of the syrian people. we need a new course. ambassador ford, you heard from him already, ambassador ford has led the charge in coordinating humanitarian assistance. let me share a few thoughts on this brave american, ambassador fo
refugees surged into neighboring turkey, jordan, lebanon and iraq taxing the limits of those countries and creating a regional crisis. assad's escalation of violence has reached the point where fighter jets have been used to kill civilians according to human-rights watch. hard to comprehend that happening in any country but that is what has played out. this regime's shocking capacity for widespread terror will only grow as we see reports that chemical weapons have been prepared for use....
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Nov 30, 2012
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this is a -- this is a provision in the law that i worked on, in fact, with tax the gentleman from oklahoma anded sait something simple, if you are adjudicated mentally infirm you're on the same list that prevents you from buying a gun as if you're a felon. in my judgment, i love our veterans, i vote for them all the time, they defend us. but if you are mentally ill, whether you're a veteran or not, just like if you're a felon, if you're a veteran or not, and you have been judged to be mentally infirm, you should not have a gun. and that no amendment, my friend, is absolute. the first amendment is not absolute, you're against antipornography laws. the third, fourth, fifth, sixth, seventh, and eight and ninth amendments are absolute and as much as i believe in the second amendment and the right to bear arms and was a supporter of the heller amendment neither is the second amendment. i continue my objection to the provision. mr. mccain: may i be recognized? the presiding officer: the senator from arizona. mr. mccain: what we have here after 12 hiewrs today, eight hours yesterday and 42 amendm
this is a -- this is a provision in the law that i worked on, in fact, with tax the gentleman from oklahoma anded sait something simple, if you are adjudicated mentally infirm you're on the same list that prevents you from buying a gun as if you're a felon. in my judgment, i love our veterans, i vote for them all the time, they defend us. but if you are mentally ill, whether you're a veteran or not, just like if you're a felon, if you're a veteran or not, and you have been judged to be mentally...
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Nov 30, 2012
11/12
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it seems that the new taxes are to fund new spending. but we don't have the numbers. i'm going to be asking them, let's see the numbers, i'm the ranking member on the budget committee, i want to see how much new spending they've got and how much new taxes they've got. and finally let me make a -- and if it's like what we've been seeing, it has a lot of flimflam. budget projection that was voted down 100%, not a single vote, his budget that he sent out earlier this year, increased taxes $1.8 trillion but increased spending $1.4 trillion. so it didn't pay down the debt. i hope the president will look the american people in the eye and tell them we are on an unsustainable course. i'm not -- i've not heard him say that. why won't he say that? his own debt commissioner erskine bowles said we're facing the most predictable crisis in our nation's history. why won't the president say we can't continue on this path and we've got to change? why won't he say we've got to tighten our belt across government? that's -- so this is one of the problems we have at the end of the year.
it seems that the new taxes are to fund new spending. but we don't have the numbers. i'm going to be asking them, let's see the numbers, i'm the ranking member on the budget committee, i want to see how much new spending they've got and how much new taxes they've got. and finally let me make a -- and if it's like what we've been seeing, it has a lot of flimflam. budget projection that was voted down 100%, not a single vote, his budget that he sent out earlier this year, increased taxes $1.8...
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Dec 6, 2012
12/12
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CURRENT
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our tax revenues are down. historically they have been about 18 to 19% of the gross domestic product. part of that is the recession, but significant loss of revenue is because of the bush tax policies and it was based on this idealogical fiction if you lower taxes it will increase revenues. and their focus was lowering taxes at the high end. we had higher tax rates under clinton, and we created 40 million jobs and had a surplus. then the bush folks came in put the war on the credit card prescription drugs on the credit card, and lowered taxes at the high end, and we had only 700,000 jobs and had astonishing deficits since then. >> stephanie: the same l.a. times piece even makes that case with the war in afghanistan winding down the military is asking for less than congress wants to give. so i think there has been so much hysteria over this fiscal cliff that i'm not sure it's warranted. >> that's exactly right. and also the ryan budget you know their doctrine -- and it really is doctrining. lower taxes for the w
our tax revenues are down. historically they have been about 18 to 19% of the gross domestic product. part of that is the recession, but significant loss of revenue is because of the bush tax policies and it was based on this idealogical fiction if you lower taxes it will increase revenues. and their focus was lowering taxes at the high end. we had higher tax rates under clinton, and we created 40 million jobs and had a surplus. then the bush folks came in put the war on the credit card...
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Nov 29, 2012
11/12
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moreover, as part of the middle-class tax relief act of 2012, congress expanded the scope of funding from the relocation fund to include the costs of planning for relocation. i am confident that the pentagon and the larger federal government can more efficiently manage its spectrum holdings and make available additional spectrum to create jobs. i hope we can work this out and have it included as part of the defense authorization bill. i certainly believe it's an amendment that's important with regard to the issue that i mentioned and that is the reallocation, relocation of spectrum in this country to allow for multiple uses, obviously important private and commercial uses out there and enormous demand, that demand is is adding significantly to our economy and creating jobs for literally thousands and millions of americans. madam president, with that i yield the floor. the presiding officer: the clerk will call the roll. the presiding officer: the clerk will call the roll. quorum call: the presiding officer: the senator from michigan. mr. levin: i ask further proceedings on the quorum
moreover, as part of the middle-class tax relief act of 2012, congress expanded the scope of funding from the relocation fund to include the costs of planning for relocation. i am confident that the pentagon and the larger federal government can more efficiently manage its spectrum holdings and make available additional spectrum to create jobs. i hope we can work this out and have it included as part of the defense authorization bill. i certainly believe it's an amendment that's important with...